Bitcoin (BTC) showed resilience over the weekend, holding above the key $60,000 psychological level and rebounding 6.5% from a local low of $59,100 to an intraday high of nearly $62,950 on Sunday. The recovery came despite broader market weakness, with the tech-heavy Nasdaq Composite posting its sharpest single-day decline since April 2025 on Friday, falling more than 4%. The divergence has sparked optimism that capital could begin flowing back into crypto markets. Friday’s sharp sell-off saw BTC briefly tumble to $61,100, triggering roughly $335 million in long liquidations. However, with Bitcoin already down more than 20% from its recent highs and market sentiment turning increasingly bearish, the swift rebound suggests buyers may have stepped in aggressively, catching overleveraged bears off guard and helping fuel the recovery.
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At the time of writing, BTC was trading at $63,094.
BTC had been trading in a range between $65,000 and $75,000. The asset broke out above the range on low volumes and rallied to as high as $82,850. However, the bulls failed to maintain control as the price faced resistance at the 200 EMA on the daily timeframe, leading to a sharp decline. BTC plunged nearly 28%, hitting a recent low of $59,130. The asset, however, managed to secure a weekly close above the key $60,000 support level. If it sustains above this support, a relief rally could be expected. On the other hand, if BTC breaks and closes below the $60,000 level, the price may decline further and test the $52,000 region.
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Key Levels
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $60,000 | $60,000 | BTC | $65,000 | $82,500 |
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